Asked by Aaron Ehsanipour on Apr 25, 2024

Bastiat's "Petition of the Candlemakers," a classic reading in economics, presents a powerful argument in favor of protectionism.

Bastiat's "Petition

Refers to Frédéric Bastiat's satirical petition in "Economic Sophisms," illustrating the absurdity of protectionism and trade barriers.

Protectionism

Economic policies and measures taken by a government to protect its domestic industries from foreign competition by imposing tariffs, quotas, or regulations.

Apprehend the basic doctrines of international trade and their economic repercussions for nations.
Evaluate the effects of tariffs, quotas, and alternative trade hindrances on internal and external market environments.

Learning Objectives

Apprehend the basic doctrines of international trade and their economic repercussions for nations.
Evaluate the effects of tariffs, quotas, and alternative trade hindrances on internal and external market environments.

Bastiat's "Petition of the Candlemakers," a classic reading in economics, presents a powerful argument in favor of protectionism.

Definitions

Learning Objectives

Learning Objectives

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